Hobart Private Capital LLC Reduces Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Hobart Private Capital LLC cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 31.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,303 shares of the company’s stock after selling 88,764 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for about 1.8% of Hobart Private Capital LLC’s investment portfolio, making the stock its 20th largest holding. Hobart Private Capital LLC owned 0.06% of SPDR Portfolio Emerging Markets ETF worth $10,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SPEM. Brighton Jones LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $289,000. AQR Capital Management LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 80.2% in the first quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock worth $1,236,000 after acquiring an additional 13,972 shares during the period. Goldman Sachs Group Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock valued at $4,126,000 after acquiring an additional 6,463 shares during the last quarter. First Trust Advisors LP increased its position in SPDR Portfolio Emerging Markets ETF by 2.8% during the second quarter. First Trust Advisors LP now owns 9,682 shares of the company’s stock valued at $414,000 after acquiring an additional 263 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter valued at $768,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $51.13 on Tuesday. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The business’s 50-day moving average is $51.51 and its two-hundred day moving average is $50.19. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $43.08 and a fifty-two week high of $53.54.

SPDR Portfolio Emerging Markets ETF Profile

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.